Excerpt from Wall Street and the Country: A Study of Recent Tendencies

The essays contained in this volume were written for the purpose of setting forth the magnitude of the problems presented by the modern tendency to capitalization and of removing misappre hensions on the subject which seem to have obtained a lodgment in the minds of a certain portion of the public. In a country like the United States, whose phenomenal expansion has been the ad miration and envy of competent foreign observers, it has been inevitable that this expansion should create serious new prob lems and require many new experiments in regard to the organization of the money market, the powers of corpora tions, and the relations of the latter to the State.

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